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environmental constrains and current ownership resistance. The list of properties was revised to include projects in the tiered format. The properties South of the Bel-Rae Ballroom were discussed. Coordinator • Bennett explained that it has been proposed that the City purchase these properties to satisfy storm water runoff from the North West side of the City. The properties are currently almost exclusively wetland and therefore are virtually unbuildable in the current conditions. It have been proposed to use excess Tax Increment Funds for the purchase of this property. Members of the EDC do not support the use of TIF funds for this property since there will be no increase in jobs or the tax base for a water retention pond. The purchase of the Bel-Rae Ballroom for a community center was also discussed. The EDC felt that a thorough needs assessment should be completed to determine if services requested from the Focus 2000 process have been met through other area Centers and also an assessment of the long term costs of operating a community center should be identified prior to purchasing the building. Members of the EDC would prefer to use TIF funds for renovation of the building for a private party verses removing the property from the tax rolls. Motion/Second: Carlson/Goff moved approval of Prioritization of Highway 10 Properties into Tier 1 and Tier 2. Motion Carried 4 ayes 0 nays B. Consideration of Tax Increment Policies for new/expanded development • in Mounds View Motion/Second: Carlson/Schmidt moved to table this item until the meeting in March Motion Carried 4 ayes 0 nays C. Discussion of Transportation in Mounds View Coordinator Bennett presented the results of the business survey regarding those businesses that expressed a need for better mass transit. In addition, Coordinator Bennett gave an overview of her research regarding transportation over the past month and noted that she has been trading phone calls with the Senior Transportation Planner at the MET Council. Vice Chair Carlson suggested that the transportation planner be invited to speak to the EDC regarding transportation strategies in Mounds View. D. Star City Process: SWOT Analysis Coordinator Bennett outlined the benefits of SWOT exercise for the Star City Process. A SWOT exercise is identifying the Strengths, Weaknesses, Opportunities and Threats to economic development in the area. A list of the Strengths, Weaknesses, Opportunities and Threats was prepared by the EDC members. • 2